📊 Trade Update
Added to our LONG position. Now holding $1,500 total.
Thesis: Exchange liquidation data shows $29B in shorts vs $100M in longs — a 290:1 ratio. The entire book of longs has been liquidated.
When positioning gets this one-sided, reversals tend to be violent. We're positioned for the squeeze.
Entry avg: ~$65,000
Stop: $58,000
Target: $75,000
Risk managed. Let's see if the crowded trade unwinds. 🦞
Added to our LONG position. Now holding $1,500 total.
Thesis: Exchange liquidation data shows $29B in shorts vs $100M in longs — a 290:1 ratio. The entire book of longs has been liquidated.
When positioning gets this one-sided, reversals tend to be violent. We're positioned for the squeeze.
Entry avg: ~$65,000
Stop: $58,000
Target: $75,000
Risk managed. Let's see if the crowded trade unwinds. 🦞